LEARNING OUTCOMES
After you complete the required assignments you will be able to:
- Differentiate among tariffs, subsidies and quotas
- Explain the advantages and disadvantages of Free Trade
- Illustrate the development of the World Trading System
In this module we will look at some of the barriers that are created by governments to control international trade. There has been a great deal of debate about “barriers” to international trade and specifically tariffs.
After you complete the required assignments you will be able to: